Cold Storage Data Seen As Positive for Pork Prices Later This Year

Pork Profit Maximizer – Foodservice Edition October 28, 2019 The combined inventory of beef, pork, chicken, and turkey in cold storage at the end of September was estimated at 2.506 billion pounds, 4.3% lower than a year ago but still 4.4% higher than the five-year average. The combined month-end inventory of the four main species […]

Seasonal Ham Prices Expected to Improve But Held In Check by Record Supplies

Pork Profit Maximizer – Retail Edition October 28, 2019 Ham prices used to have a much more pronounced seasonality but in the last few years, a number of factors have contributed to much more erratic price action. Last year record pork supplies and tariffs on US pork prices in Mexico and China significantly affected demand […]

USDA Reports Inventory of Market Hogs 3.5% Higher Than Last Year

Pork Profit Maximizer – Foodservice Edition September, 30, 2019 Coming into the report analysts were expecting the total inventory of market hogs as of September 1 to be 3% higher than a year ago. USDA reported the inventory of market hogs at 71.248 million head, 2.442 million head or 3.5% higher than a year ago. […]

Pork Belly Prices Remain Volatile

Pork Profit Maximizer – Foodservice Edition August 19, 2019 The value of the belly primal on Friday was pegged at $169.81/ cwt, $91/cwt or 115% higher than a year ago. The increase in the value of the belly primal has contributed almost $14.4/cwt to the overall cutout (about 74% of the overall cutout increase in […]

Hog futures limit down on Friday even as China pork prices spike

Pork Profit Maximizer – Retail Edition August 19, 2019 The pork cutout had been trending higher in the first two weeks of August but posted a sharp decline on Friday. October futures were down the daily permissible limit on expectations that, in the short term, record pork supplies will drive the cutout even lower in […]

Will Higher Tariffs Derail Pork Prices in Q4 and in 2020?

While there is a lot of uncertainty going forward, and we think China may not buy as much from the US if the tariffs persist, we still expect a significant increase in Chinese pork exports in the second half of the year vs. last year’s levels. This should help support overall pork cutout values. Our […]

Hog Futures Tumb as US-China Trade Conflict Finds Another Gear

The US pork market remains extremely volatile, as participants swing from extreme optimism to extreme pessimism, often in the course of a single month. A recent example: The CME October 2019 lean hog futures contract gained 20% in the two week stretch between July 8 and July 23. The rally reflected more robust cash hog […]

US cow herd and 2019 calf crop post first year over year decline since 2014

Pork Profit Maximizer – Foodservice Edition July 22, 2019 According to the latest USDA semi-annual ‘Cattle Inventory’ report, released Friday, July 19, the total inventory of cattle and calves as of July 1 was estimated to be 103 million head, unchanged from the previous year and very much in agreement with the average of analyst […]

August hog futures jump on weather risk

Pork Profit Maximizer – Retail Edition July 22, 2019 We have raised our forward projections for hog and pork prices given the higher upside risk from weather conditions currently affecting hog producing regions and renewed speculation about export demand from China. We continue to note that the current environment is highly speculative. On the positive […]